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Inventory Management isn't easy. If it were, more companies would be good at it. But being competent at managing your inventory isn't all that difficult either. It just requires that you invest the time to develop an understanding of the factors that should be affecting your inventory management decisions. Then use this understanding to start to put together the calculations and decision logic you will use to manage your inventory.
Explained. Calculations for forecasting, lot sizing, and safety stock are well known to the inventory management community, but are generally not understood to the level necessary to effectively use them. This lack of understanding results in incomplete calculations, incorrect inputs, flawed logic, or a fall-back to less effective, keep-it-simple approaches.
Inventory Management Explained helps readers build a solid understanding of the key planning aspects of inventory management. It does this by clearly explaining what inventory management is, but then goes well beyond typical inventory management books by tearing apart the calculations and logic we use in inventory management and exposing the hidden (or not so hidden) flaws and limitations. It then builds on this by showing readers how they can use their understanding of inventory management and their specific business needs to modify these calculations or develop their own calculations to more effectively manage their inventory. The emphasis on practical solutions means readers can actually use what they've learned.
For those new to inventory management, the author includes highly detailed explanations and numerous examples. Instead of archaic mathematical syntax, the author explains the calculations in plain English and uses Excel formulas and spreadsheet examples for many of them.
For the experienced practitioner, the author provides insights and a level of detail they likely have not previously experienced. Overall, Inventory Management Explained does actually explain inventory management, and in doing so, exposes the good, the bad, and the ugly aspects of it. But more importantly, it leaves the readers knowing enough to be able to start making smart decisions about how they manage their inventory.

Topics covered include:
- History-based forecasting methods including Exponential Smoothing, Adaptive Smoothing, Moving Average, and Weighted Moving Average.
- Seasonality Indexes , Trend Adjustments, and Forecast Overrides.
- Excel's Regression Analysis tool, Forecast Function, and Solver Add-in.
- Why Keep-it-simple methods for calculating safety stock don't work.
- The Normal Distribution model and why it applies to safety stock calculations.
- How to modify your safety stock calculation to account for your forecast, lead time, and order cycles.
- What EOQ is, where it came from, and what all the numbers mean.
- What goes into Order Cost and Carrying Cost.
- Setting up an order quantity calculation in Excel that takes into account Quantity Discounts.
- Dealing with seasonality and trend in your order quantity calculations.
- Periodic Review, Fixed Order Point, Min-Max, Multi-bin, Kanban, and ordering systems that directly utilize your forecast.
- The real difference between Push Systems and Pull Systems.
- Materials Requirements Planning (MRP) and Distribution Requirements Planning (DRP)
- Gross Requirements, Net Requirements, Planned Orders, Bills of Materials, Routings, Master Production Scheduling (MPS)
- How to put together an effective Fair-Share Distribution system.
- Fill Rates, On-Time Delivery, ABC stratification, Out-of-stock analysis, Excess and Obsolete inventory.

• Sales Rank: #209946 in Books
• Brand: Brand: Ops Publishing
• Published on: 2009-03-01
• Dimensions: 9.30" h x 1.00" w x 6.10" l,
• Binding: Hardcover
• 352 pages

Features

• Used Book in Good Condition

Most helpful customer reviews

24 of 24 people found the following review helpful.
Excellent guide to inventory demand management
By David M. Weigel
I'm a software engineer who works on asset and inventory systems all day, and I've been doing it forever. Our products have always had inventory forecasting and ordering abilities (and they work!), but I've never really understood how they do what they do. I've seen webpages and such with formulas but without enough context to explain why the formulas are what they are. David Piasecki gives an excellent description of all of the elements in the excruciating detail that they deserve. (The chapter on a single variable, safety stock, runs 31 pages!)

He writes a a happy, occasionally silly style which makes it a good bedtime read. (Really, I did.) A minor complaint is that sometimes he gets too flip, tossing out irrelevant messages that detract from his point, such as when he confesses not knowing much about statistics in a book full of them. Still, they're not bad detours, and a book that should be tedious and ponderous is... can I say it... fun?

8 of 8 people found the following review helpful.
Good Introductory Book
By Guy
This is a really good book to read to begin opening up your mind to the complexities of inventory management. However, the author does tend to go on tangents and give examples of what not to do first and then what you probably/maybe/should/could be doing after. I found this style of presenting the topics confusing at times. Not that I was expecting or hoping for the book to be too authoritative, since there are certainly endless nuances to inventory management based on countless factors. However, it would have been nice if the book could have been a little bit more concise with clearer examples. Essentially, I wish this book had fewer comedic antidotes and better detailed formulas (excel ones especially). I didn't purchase this book to be entertained, I purchased it because I wanted to learn.

Also, if you like to highlight the pages are very thin and the ink tends to be bleed through.

7 of 8 people found the following review helpful.
One of two books on my shelf with NO dust on it!
By milohoy
I bought this book three years ago when I moved into a supply leadership role at my company. One of the first things I did moving to a new division was implement a statistical safety stock model and process. Although the calculation we ultimately settled on was different, we used the methodology described in his book as our base. Same is true when we started building EOQ's into certain raw material product categories. As my team grew and competencies were added (Purchasing, Production Planning, Demand Planning/Forecasting), I found myself coming back to this book time and again. I like to make decisions defensible based on data and Piasecki helped me organize my thoughts and direct my team on organizing the data to build a business case for change. The logic is sound and well organized; I pull this book down off the shelf often to remind me HOW to explain these ideas to others.

If my 5 stars weren't enough to convince you to add this to your bookshelf, consider this... I gave this book 5 stars when I live in MN and the author in WI! Think about it... :-)

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[Z329.Ebook] Download PDF Global Derivative Debacles: From Theory to Malpractice: 2nd Edition, by Laurent L Jacque

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This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses and/or bankruptcy of Metallgesellschaft (1994), Barings Bank (1995), Long Term Capital Management (1998), Amaranth (2006), Soci�t� G�n�rale (2008) , AIG (2008) and JP Morgan-Chase (2012). It unlocks the secrets of derivatives by telling the stories of institutions which played in the derivative market and lost big. For some of these unfortunate organizations it was daring but flawed financial engineering which brought them havoc. For others it was unbridled speculation perpetrated by rogue traders whose unchecked fraud brought their house down.

Should derivatives be feared "as financial weapons of mass destruction" or hailed as financial innovations which through efficient risk transfer are truly adding to the Wealth of Nations? By presenting a factual analysis of how the malpractice of derivatives played havoc with derivative end-user and dealer institutions, a case is made for vigilance not only to market and counter-party risk but also operational risk in their use for risk management and proprietary trading. Clear and recurring lessons across the different stories in this volume call not only for a tighter but also "smarter" control system of derivatives trading and should be of immediate interest to financial managers, bankers, traders, auditors and regulators who are directly or indirectly exposed to financial derivatives.

The book groups cases by derivative category, starting with the simplest and building up to the most complex — namely, Forwards, Futures, Options and Swaps in that order, with applications in commodities, foreign exchange, stock indices and interest rates. Each chapter deals with one derivative debacle, providing a rigorous and comprehensive but non-technical elucidation of what happened.

What is new in the second edition? A new chapter on JP Morgan-Chase's London Whale, an in-depth discussion of credit-default swaps, and an update of the revamped regulatory framework with Basel 2.5 and Basel III against the backdrop of the Euro crisis, along with a revised and expanded discussion of the AIG debacle.

Readership: Economists; undergraduates and graduates majoring in finance, economics and business administration; professionals, financial managers and CPAs in the financial service industry.

• Sales Rank: #348293 in Books
• Published on: 2015-07-29
• Original language: English
• Number of items: 1
• Dimensions: 8.90" h x .80" w x 6.00" l, 1.15 pounds
• Binding: Paperback
• 368 pages

Review
Reviews of the First Edition:

"This timely and well-written book is a must read for anyone directly or indirectly involved in financial markets and instruments as well as risk management. By telling actual stories of how rogue traders and incompetent managers put their firms at risk, the author demystifies the complex world of financial derivatives. His incisive and in-depth analysis of all major derivatives debacles should help the reader understand what happened and avoid future disasters."-- Gabriel Hawawini, The Henry Grunfeld Professor of Investment Banking, INSEAD

"The author has written a book whose clarity makes it accessible to a wide range of practitioners and executives, and he brings the technical subject matter to life through the concrete examples of the highest profile failures in the use of derivatives B Craig Owens, Senior Vice President and Chief Financial Officer, Campbell Soup

"The book is a timely contribution to a subject that has been at the epicenter of the current financial crisis ... Learning from past mistakes and applying the lessons is what sets this book apart and should make it a useful guide for practitioners." -- Dr Oliver S Kratz, Head of Global Thematic Equities,Deutsche Bank

From the Inside Flap
This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses and/or bankruptcy of Metallgesellschaft (1994), Barings Bank (1995), Long Term Capital Management (1998), Amaranth (2006), Socit Gnrale (2008), AIG (2008) and JP Morgan-Chase (2012). It unlocks the secrets of derivatives by telling the stories of institutions which played in the derivative market and lost big. For some of these unfortunate organizations it was daring but flawed financial engineering which brought them havoc. For others it was unbridled speculation perpetrated by rogue traders whose unchecked fraud brought their house down. Should derivatives be feared "as financial weapons of mass destruction" or hailed as financial innovations which through efficient risk transfer are truly adding to the Wealth of Nations? By presenting a factual analysis of how the malpractice of derivatives played havoc with derivative end-user and dealer institutions, a case is made for vigilance not only to market and counter-party risk but also operational risk in their use for risk management and proprietary trading. Clear and recurring lessons across the different stories in this volume call not only for a tighter but also "smarter" control system of derivatives trading and should be of immediate interest to financial managers, bankers, traders, auditors and regulators who are directly or indirectly exposed to financial derivatives. The book groups cases by derivative category, starting with the simplest and building up to the most complex namely, Forwards, Futures, Options and Swaps in that order, with applications in commodities, foreign exchange, stock indices and interest rates. Each chapter deals with one derivative debacle, providing a rigorous and comprehensive but non-technical elucidation of what happened.

About the Author
Laurent L Jacque is the Walter B Wriston Professor of International Finance & Banking at the Fletcher School of Law and Diplomacy (Tufts University) and Director of its International Business Studies Program. He is the author of two books — Management and Control of Foreign Exchange Risk (Kluwer Academic Publishers, 1996), and Management of Foreign Exchange Risk: Theory and Praxis (Lexington Books, 1978) — as well as many articles on International Risk Management, Multinational Control Systems and Capital Markets. He served as an advisor and consultant to the Foreign Exchange Rate Forecasting Service of Wharton Econometrics, Forecasting Associates (1982–1990) and as a member of Water Technologies Inc's board of directors (1991–1994). Jacque received the James L Paddock award for teaching excellence at The Fletcher School in 1996. He is a consultant to a number of firms in the area of corporate finance and risk management and has taught in many Management Development Programs, including Manufacturers Hanover Trust, Merck, Sharp & Dohme, Philadelphia National Bank, General Motors, Bunge and Born (Brazil), Rhone-Poulenc (France), Siam Commercial Bank (Thailand), Daewoo (South Korea), General Electric, Dupont de Nemours, Norwest Bank, Bangkok Bank (Thailand), INSEAD, Pechiney, Petrobras and the IFC (World Bank group).

Most helpful customer reviews

0 of 1 people found the following review helpful.
Derivatives are Zero Sum
By DCnLP59
Surprisingly revealing, in depth review.

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[H193.Ebook] Ebook Free I Believe in Miracles Kathryn Kuhlman, by Kathryn Kuhlman

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• Sales Rank: #3194281 in Books
• Published on: 1970
• Binding: Paperback
• 223 pages

Most helpful customer reviews

7 of 7 people found the following review helpful.
A Must Have for Every Spirit-Led Library
By George A. Billington
Kathryn Kuhlman, who always credited these wonderful miracles to the Holy Spirit, was not only an instrument of God's healing love, but she was also a wonderful teacher about God's way of life and His power. The book is filled with testimonies of many who were not only physically restored to health but who entered into a relationship with God for the first time by being spiritually reborn.

The healings came about in different ways: through a 6 year old child who prayed for her family to become whole and her parents to let go of the alcohol that ruined their family, through loving, believing family members who prayed for God to restore their loved one to health, and through Ms. Kuhlman herself being the Holy Spirit's agent of both leading the lost to God and physically restoring sick and damaged bodies.

Pastor George Billington
[...]
Helping the church to grow in Christian love, relationship and maturity

5 of 5 people found the following review helpful.
I Believe in Miracles b/c of Kuhlman; I saw them.
By K. Brandt
Re: I believe in miracles. I attended Kathryn Kuhlman's services, and I am sure I witnessed miracles taking place. I talked to one of her workers who verified that she met people who had been healed in past services and their cases were genuine. And the ones I saw dancing around in front of 2000 people screaming "I am healed" and openly weeping with joy, surely looked "healed" to me.

I have never met another "faith healer" with the following or the number of claims of healings that Kuhlman had. I am always amazed at people who "check up" on the personal lives of such people and discount their whole ministry or life of "good deeds" and "dismiss" them with a wave because they did not lead an "impeccable life" themselves.

Because of the judgment of others, those who must meet a higher standard than the rest of us are "forced" to "lie" if they are to have a ministry outside of their private lives. People want "saints" of anyone who "works for" God.

God works through human beings. We are all human. Because Kuhlman acted as an "intercessor" or "point of belief" at a moment in time, God worked miracles through that woman. And He is still performing miracles today through the intercession of others, if the ones who are healed are open to the experience. But many prevent themselves from receiving a healing because of judgment of themselves or others.

7 of 8 people found the following review helpful.
A Testimony to Miracles of the Holy Spirit
By kone
Kathryn Kuhlman (1907 - 1976) was an evangelist who held "Miracle" meetings in which she preached the Gospel and people were healed of all sorts of medical condtions. Kuhlman hated the term "faith-healer", and always gave credit to the Holy Spirit for any miracles of healing that occurred in one of her healing crusades.

This book is a case study of about 30 healings. Each story is about 10 pages in length, and each is well documented. Details are given for each miracle healing, how the sickness began, the prognosis, the healing, and the aftermath. Most, if not all of these cases had their healings confirmed by their doctors.

If Miss Kuhlman was a fraud, as many of her critics claim, then this book (and two others that follow), stand in contrast to the critics. The stories stand on the evidence of the healing itself, and the supplementary documentation by medical doctors, family members, and friends. The cases presented are so detailed, they actually invite investigation; therefore, it is inconceivable that Kuhlman would present these stories of healing if there were not in fact true.

Read the stories for yourself. As Fox News motto states, "We report - you decide".

I wish I could have seen Miss Kuhlman in person.

If after reading this book, you are interested in learing more about Miss Kuhlman, I suggest reading the following biography: Daughter of Destiny: Kathryn Kuhlman. This biography presents an unvarnished look at Kathryn Kuhlman.

kone

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Latin American indigenous media production has recently experienced a noticeable boom, specifically in Bolivia, Ecuador, and Colombia. Indianizing Film zooms in on a selection of award-winning and widely influential fiction and docudrama shorts, analyzing them in the wider context of indigenous media practices and debates over decolonizing knowledge. Within this framework, Freya Schiwy approaches questions of gender, power, and representation.

Schiwy argues that instead of solely creating entertainment through their work indigenous media activists are building communication networks that encourage interaction between diverse cultures. As a result, mainstream images are retooled, permitting communities to strengthen their cultures and express their own visions of development and modernization. Indianizing Film encourages readers to consider how indigenous media contributes to a wider understanding of decolonization and anticolonial study against the universal backdrop of the twenty-first century.

• Sales Rank: #2696895 in Books
• Brand: Brand: Rutgers University Press
• Published on: 2009-05-22
• Original language: English
• Number of items: 1
• Dimensions: 8.90" h x .90" w x 6.00" l, 1.05 pounds
• Binding: Paperback
• 296 pages

Features

• Used Book in Good Condition

Review
Schiwy's analysis of indigenous media contributes provocative, rich, close readings of several key concepts from Latin American literary and cultural studies, including: transculturation, literacy, testimonio, the lettered city, and global multiculturalism….Her compelling analysis of the thematic, discursive, and structural components of individual videos is nuanced and smart. --Marcia Stephenson, Purdue University

About the Author
Freya Schiwy is an assistant professor in the media and cultural studies and Hispanic studies departments at the University of California, Riverside.

Most helpful customer reviews

0 of 0 people found the following review helpful.
VERY INTERESTING!!!
By Carrie Love
The book is a bit wordy, as film books tend to be. It is probably written at a masters level but very accessible to undergraduates who are interested. The author successfully took on the gihugic task of explaining the ins and outs of the indigenous film industry in Latin America to readers who would know nothing of the culture and values of the various people groups nor the challenges they face. I especially like how thoroughly versed in the subject Freya Schiwy appears to be, to the point of adding little anecdotal tidbits of personal experience along the way to help develop understanding. Both non-fictional and fictional films are covered. The book is more about the indigenous film industry as a whole than it is an in depth study of individual works although about 6 short films are dissected in depth to help understand characteristics.

I LOVED THE BOOK, but I'm also a film student with a particular interest in Latin America.

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[P188.Ebook] Ebook Practical Time Series Forecasting with R: A Hands-On Guide [2nd Edition] (Practical Analytics), by Galit Shmueli, Kenneth C. Lichtendahl J

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Practical Time Series Forecasting with R: A Hands-On Guide, Second Edition provides an applied approach to time-series forecasting. Forecasting is an essential component of predictive analytics. The book introduces popular forecasting methods and approaches used in a variety of business applications.
The book offers clear explanations, practical examples, and end-of-chapter exercises and cases. Readers will learn to use forecasting methods using the free open-source R software to develop effective forecasting solutions that extract business value from time-series data.�
Featuring improved organization and new material, the Second Edition also includes:�

• Popular forecasting methods including smoothing algorithms, regression models, and neural networks
• A practical approach to evaluating the performance of forecasting solutions
• A business-analytics exposition focused on linking time-series forecasting to business goals
• Guided cases for integrating the acquired knowledge using real data* End-of-chapter problems to facilitate active learning
• A companion site with data sets, R code, learning resources, and instructor materials (solutions to exercises, case studies)
• Globally-available textbook, available in both softcover and Kindle formats�

Practical Time Series Forecasting with R: A Hands-On Guide, Second Edition is the perfect textbook for upper-undergraduate, graduate and MBA-level courses as well as professional programs in data science and business analytics. The book is also designed for practitioners in the fields of operations research, supply chain management, marketing, economics, finance and management.
For more information, visit forecastingbook.com

• Sales Rank: #127253 in Books
• Published on: 2016-07-19
• Original language: English
• Dimensions: 10.00" h x .53" w x 7.00" l, .91 pounds
• Binding: Paperback
• 232 pages

Review
Praise for previous editions

"The book is a little gem. I found the writing in this book to be a refreshing contrast, making technical concepts understandable."-- FORESIGHT, The International Journal of Applied Forecasting

"An excellent starting point for anyone dealing with time series forecasting. One of the best intro books on time series and forecasting I have ever seen."-- Prof. Ron Kenett

"A concise and well-written book for MBA and Executive MBA programs. The book is especially timely as more MBA programs are using R."-- Prof. Johannes Ledolter�

"Galit Shmueli has provided something that you don't see very often - a book with meat that does not have pages and pages stuffed full of equations..."-- John Seymour, "John the Math Guy"

The exposition is accessible to students with a wide range of backgrounds, and balanced between enough mathematics to explain the methods but not so much that it raises barriers to understanding... first-rate textbook at a bargain price.-- Prof. Thomas Tiahrt

About the Author
GALIT SHMUELI, PhD�is Distinguished Professor at the Institute of Service Science, National Tsing Hua University, Taiwan. She is co-author of the best-selling textbook Data Mining for Business Analytics, among other books and numerous publications in top journals. She has designed and instructed courses on forecasting, data mining, statistics and other data analytics topics at University of Maryland's Smith School of Business, the Indian School of Business, National Tsing Hua University and online at statistics.com
For more information, visit galitshmueli.com
KENNETH C. LICHTENDAHL JR. is an Associate Professor of Business Administration at the University of Virginia's Darden School of Business. He specializes in teaching data science to MBA students with R. He was recognized by The Case Centre as its 2015 Outstanding Case Teacher for his course Data Science in Business. His research focuses broadly on making, evaluating, and combining forecasts and has been published in leading academic journals such as Management Science.

Most helpful customer reviews

1 of 1 people found the following review helpful.
First-rate Textbook at a Bargain Price
By Thomas Tiahrt
I have taught, and teach, a two-course data mining sequence for the MBA business analytics specialization at my university using Dr. Shmueli’s Data Mining for Business Analytics and Practical Time Series Forecasting textbooks. Both the supporting materials and the textbooks are high-quality products that match up well with the mathematical facility and technical skills of my students. The exposition is accessible to students with a wide range of backgrounds, and balanced between enough mathematics to explain the methods but not so much that it raises barriers to understanding. I looked far and wide for comparable texts, but I know of no other combination that meets the needs of my students as well as these two texts. I unhesitatingly recommend them both.

0 of 1 people found the following review helpful.
A very basic book, lacking practical code, just a summary!
By Mehdi
This is a summary of everything on forecasting with time series, without any details and practical code. The book is roughly 200 pages, with a cheap cover. It really don't worth the money spent on it.

5 of 5 people found the following review helpful.
Broad overview, with just enough depth to put everything to use
By Stijn Debrouwere
Really hits the sweet spot for someone looking for a gentle introduction to time series modeling: it covers all the bases (smoothers, ARIMA etc.), compares the pros and cons of different methods, discusses validation and testing, includes example code so you can get started right away and has just enough mathematical notation to simplify the descriptions of the methods. It's succinct but not dumbed down. For how much it costs, you really can't go wrong here.

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[C445.Ebook] PDF Download A Girl, A Rose And A Two Headed Snake: A Journey Through The Belly of Teotihuacan, by Leigh Burton

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• Sales Rank: #4136765 in Books
• Published on: 2015-07-15
• Original language: English
• Number of items: 1
• Dimensions: 9.02" h x .34" w x 5.98" l, .48 pounds
• Binding: Paperback
• 158 pages

Most helpful customer reviews

1 of 1 people found the following review helpful.
This book is about a spiritual journey. Leigh Burton ...
By Maxine Browne
This book is about a spiritual journey. Leigh Burton courageously shares parts of her past, as well as how she left it all behind her in Mexico. It was lovely going on this journey with her.

0 of 0 people found the following review helpful.
Discover a more peaceful way of life...
By Kimber Enick
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The intent of this manual is to provide background on the origins of the R&R methodology; help for those who work with devices that don’t fit the usual approach; and ideas for measurement devices that require innovation to assess their performance under off-line, static conditions. The initial utilization of the R&R format is only briefly described; the reader can learn more about how to apply the procedures in 10 minutes of trying them than from several pages of instruction. R&R analysis is not a complete measurement assessment, however it is often easier to start with the limited scope addressed by R&R. Once the R&R is assessed, the need to study further measurement issues can be evaluated. The ultimate objective is to determine how best to improve the control and performance of a process.

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• Sales Rank: #1378094 in eBooks
• Published on: 2012-02-29
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0 of 0 people found the following review helpful.
Its ok to give it one reading
By Ashok Pershad
Not worth applying concepts in the real world. Still one can give it one reading if they want to learn about R&R

0 of 0 people found the following review helpful.
Helpful tool
By peacetracy
A great resource/guide book. I really enjoyed it. It is easy to read and follow.

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